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you don't need to take money out of the economy. you don't need to further contract the economy. you need to stimulate the economy. the economists who track this stuff already think we're not growing enough to get back to a healthy economy. they cut the estimate to how much we are growing. people are not making enough money and therefore, not spending enough money and businesses are not hiring enough people. we need to be talking about growth. the problem in the country is an economic growth problem. the deficit, nobody wants there to be a deficit, but that's not the pressing need we've got as a nation. growing the economy, frankly, is the only way we have gotten rid of red ink in the past. when americans are better off, they pay more in taxes. the government can pay for the usual things and pay down the debt. president clinton, the surplus, he got that partly from raising revenue. raising taxes. but also he did it in a way that grew the economy and the nation prospered and the debt became no big deal and then the debt was gone and the debt clocks that were supposed to be scary g
you don't need to take money out of the economy. you don't need to further contract the economy. you need to stimulate the economy. the economists who track this stuff already think we're not growing enough to get back to a healthy economy. they cut the estimate to how much we are growing. people are not making enough money and therefore, not spending enough money and businesses are not hiring enough people. we need to be talking about growth. the problem in the country is an economic growth...
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Dec 3, 2012
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the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do willingly, make dramatic changes in taxes and spending. if those changes happen automatically, the cbo estimates it would have a positive long-term impact. by comparison, it says current law is kept in place, output and income would be lower down the road. so here is another way to look at it. fast forward to budget projections. keeping tax cuts in place, extending most tax provisions and putting off spending cuts would put revenue in 2020 at 4dz.2 trillion. spending at $5.3 trillion. the national debt is projected to be near $20 trillion by then. $3
the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do...
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Dec 1, 2012
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they're salient to our economy. more than any traded economy the price of gas has a direct impact on how much pocket change americans have to save or spend on anything else. >> people are not happy this morning. gas prices are going up. once again. in fact, many people are flocking to places like this place here in davis to find the cheapest gas prices around. right now a gallon of unleaded costs you $4.13. last week, gas jumped 16 cents at many gas stations in california. prices are expected to go up another 20 cents in the next few days. >> gas prices go up and down. right? there's supply and demand. every once in awhile like in that report, there's a dramatic spike. the weird thing about that particular gas price spike in may that sparked that news report is that that gas price spike was really isolated. gas prices went way up in california, even as gas prices everywhere else were going down. and at the same time that gas prices were going way up in california, crude oil prices were going down. and even weirder,
they're salient to our economy. more than any traded economy the price of gas has a direct impact on how much pocket change americans have to save or spend on anything else. >> people are not happy this morning. gas prices are going up. once again. in fact, many people are flocking to places like this place here in davis to find the cheapest gas prices around. right now a gallon of unleaded costs you $4.13. last week, gas jumped 16 cents at many gas stations in california. prices are...
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Dec 6, 2012
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our economy is a lot better. we can still go a long way. i just don't believe that there is the makeup of a great deal, because you can't trust anything any of these folks say. this is one of the reasons why i believe, tom, that the republicans haven't detailed out exactly what deductions are we talking about, what loopholes are they talking about. they won't come clean with the american people on this. it's all in these vague gent generalities. now, president obama is not interested in taking negotiations further until republicans put a rate increase on the table. and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff. this is a loosy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of the h
our economy is a lot better. we can still go a long way. i just don't believe that there is the makeup of a great deal, because you can't trust anything any of these folks say. this is one of the reasons why i believe, tom, that the republicans haven't detailed out exactly what deductions are we talking about, what loopholes are they talking about. they won't come clean with the american people on this. it's all in these vague gent generalities. now, president obama is not interested in taking...
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Dec 7, 2012
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this economy wants to take off again. what's holding it back right now is the political uncertainty about whether we're going to go over the cliff and each day that clicks off, we are holding back retail sales during the christmas season and that's just crazy. >> senator, on entitlements, the other side of the equation here if the tax rates have gotten what the president wants, which is a raise to 39.6%. the three national unions have that come out with an ad campaign are targeting two senators. you are one of them. as well as two republican congressman as well. they are saying don't touch social security or medicare or other entitlements. would you be open to touching them in a deal? >> interest groups have every right to advocate but we've seen the lack of power that some of the negative attacks that were spent against a lot of candidates. i think medicare is a great program. it needs to be protected. but anyone that denies the math around these programs is just disconnected to reality. the fact is, when i was a kid, th
this economy wants to take off again. what's holding it back right now is the political uncertainty about whether we're going to go over the cliff and each day that clicks off, we are holding back retail sales during the christmas season and that's just crazy. >> senator, on entitlements, the other side of the equation here if the tax rates have gotten what the president wants, which is a raise to 39.6%. the three national unions have that come out with an ad campaign are targeting two...
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>> this is the new economy. factory jobs weren't good jobs either. the reason they became the middle class jobs we know because people organized. >> what's the next move? >> it's a movement. they are not giving up. . they are going to keep working and i spoke to johnathan weston and they are hoping that more workers got energized by seeing this happen and by seeing everybody go back in today and not face reprize sal. >> so the next phase is what? >> i'm hoping for more strikes, ed. >> you're hopining for more strikes? >> yeah. >> did the 98% have anything to do with this? >> it crystallized something already going on in this country that people knew about where the wealth was going. they knew we have seen it go to the people at the top and the people at the bottom were getting squeezed. productivity has gone up, they are working harder and longer. >> there's been no organized union that has gone in and led
>> this is the new economy. factory jobs weren't good jobs either. the reason they became the middle class jobs we know because people organized. >> what's the next move? >> it's a movement. they are not giving up. . they are going to keep working and i spoke to johnathan weston and they are hoping that more workers got energized by seeing this happen and by seeing everybody go back in today and not face reprize sal. >> so the next phase is what? >> i'm hoping for...
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it's not -- it's not better ground for the economy. and, frankly, i find it difficult to see how it's better political ground even for the gop. i figured, i didn't get it. so i figured this was beyond my small political brain to understand. so i asked some of my smarter hill republican friends what the near r theory was here. they told me the idea is while the president can permit the economy to fall over the fiscal cliff, or curb, whatever you want to call it, he can't allow us to default on our debt. that would, like, destroy the economy. that gives republicans a stronger hand or so they think. but really, think about that. here's how it would go. later this month, republicans would, by voting present, which everyone would think was a bit weird, permit the bush tax cuts to expire for income over $250,000. that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush
it's not -- it's not better ground for the economy. and, frankly, i find it difficult to see how it's better political ground even for the gop. i figured, i didn't get it. so i figured this was beyond my small political brain to understand. so i asked some of my smarter hill republican friends what the near r theory was here. they told me the idea is while the president can permit the economy to fall over the fiscal cliff, or curb, whatever you want to call it, he can't allow us to default on...
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. >> not only do immigrants help build our economy, they invigorate our soul. america can be a lawful society and a welcoming society at the same time. as our nation debates the proper course of action relating to immigration, i hope we do so with a benevolent spirit and keep in mind the contribution of immigrants. >> it's a very interesting reminder. jeb bush, of course, has been very outspoken but there is a different wing of the republican party. >> we george w. bush talk about taking a softer line on immigration the day after republicans in the senate refused to ratify a treaty on discrimination against disabled people. those are two different courses for the republican party and i see one thing that strikes me, you have george w. bush here, robert dole, another former presidential nominee on the floor of the state. the party is moving on. these are not the most powerful voices in the party. the speeches we heard yesterday from marco rubio and paul ryan are i think more influential when trying to look at where is the republican party going to go. >> and, in
. >> not only do immigrants help build our economy, they invigorate our soul. america can be a lawful society and a welcoming society at the same time. as our nation debates the proper course of action relating to immigration, i hope we do so with a benevolent spirit and keep in mind the contribution of immigrants. >> it's a very interesting reminder. jeb bush, of course, has been very outspoken but there is a different wing of the republican party. >> we george w. bush talk...
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you cut taxes, you grow the economy, you reduce the deficit. it almost seems like someone who would have tried to run for president maybe on a line like that. surely republicans could win on that platform unless it didn't win. >> exactly. they've all been quick to distance themselves from mitt romney, except they have presented his plan as their own. i guess maybe it was their plan to begin with in the form of paul ryan, and, you know, look, it's just not going to fly with the american people and the days go on. what i really think, if i were giving them political advice, i think tom cole, a representative among them who is probably one of the smarter political tacticians in their party gave them some advice. let's get this over with. let's not be the party that looks like we're only looking out for the top 2%. but that's really, martin, exactly what they look like. the differences here i think to most americans are fairly small. let's keep taxes low for 98% of americans and lets ask the wealthy to pay a little more but it looks like republican
you cut taxes, you grow the economy, you reduce the deficit. it almost seems like someone who would have tried to run for president maybe on a line like that. surely republicans could win on that platform unless it didn't win. >> exactly. they've all been quick to distance themselves from mitt romney, except they have presented his plan as their own. i guess maybe it was their plan to begin with in the form of paul ryan, and, you know, look, it's just not going to fly with the american...
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>> the second term for the president and the economy is even more important to both parties. >> what have you learned? >> i think the president has learned that he needs to stand tough with the republicans. >> that's it. >> and that's -- that is the lesson of his election. >> instead of backwards the way he did his first two years. >> exactly right. >> axelrod is coming on tomorrow and we've taken that mustache off. if it's way too early it's "morning joe." stick around right now though for chuck todd "the daily rundown." >>> take it to the bank. timothy geithner says the white house is ready to go over the cliff. republicans might stucmble, though, into having some leverage if they end up backing the tax rate plan now and kick the rest of the can to february. one top republican governor has some stinging sarcasm for his own party's position. in the middle east the situation in syria turns from serious to scary. concerns over chemical weapons has secretary clinton conferring with her russian counterpart today to try to avoid deadly developments. >>> an nbc news exclusive, afghanistan
>> the second term for the president and the economy is even more important to both parties. >> what have you learned? >> i think the president has learned that he needs to stand tough with the republicans. >> that's it. >> and that's -- that is the lesson of his election. >> instead of backwards the way he did his first two years. >> exactly right. >> axelrod is coming on tomorrow and we've taken that mustache off. if it's way too early it's...
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somebody who has millions and millions of dollars another $100,000, they're not going to spend it into the economy and hire someone, they're going to send it to the caymans, which is what mitt romney did with his tax cuts. that's what they're going to do. the economic theory is not sound. if you give somebody with $50,000 another $1,000, they're going to spend it. >> at christmastime instead of a working stiff gets $50 for a thank you, they gave their 50 bucks to the boss. is that how -- >> by the way, a long time before the tea party existed or had a name, grover norquist, the famous anti-tax lobbyist in washington, was running around beginning to enforce ayatollah-style his edict about taxes, and he got republicans beginning back in the '80s to sign these tax pledges, which, as i say, that tax pledge has really become the core identity of the modern conservative republican party. >> okay. we got a new candidate, fred barnes, he's a smart conservative. he's not some crazy. he would like to give the tax cut at a million. here is what he wants to do. an increase in the individual income tax rate fo
somebody who has millions and millions of dollars another $100,000, they're not going to spend it into the economy and hire someone, they're going to send it to the caymans, which is what mitt romney did with his tax cuts. that's what they're going to do. the economic theory is not sound. if you give somebody with $50,000 another $1,000, they're going to spend it. >> at christmastime instead of a working stiff gets $50 for a thank you, they gave their 50 bucks to the boss. is that how --...
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the concentration is very specifically on the economy. they believe, the new president enrique nieto believes a strong economy, the creation of new well paid jobs will reduce the violence since younger people will have more opportunities in the country. so that's the focus, where the focus is. >> telemundo's julio viquiero, thank you. >>> this 47% have a different view about a different topic, this year's election. and -- >> controlled facility to bring these crazy bastards that want to kill us all to the united states. >> what drove this south carolina senator to call one group of people a name like that? all the answers coming up. you're watching msnbc. ♪ does that make me crazy ♪ does that make me crazy lega? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. wit
the concentration is very specifically on the economy. they believe, the new president enrique nieto believes a strong economy, the creation of new well paid jobs will reduce the violence since younger people will have more opportunities in the country. so that's the focus, where the focus is. >> telemundo's julio viquiero, thank you. >>> this 47% have a different view about a different topic, this year's election. and -- >> controlled facility to bring these crazy bastards...
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we need to make sure the economy doesn't collapse. >> from egypt to israel now. we have secretary of state hillary clinton condemning both the vote in the u.n. recognizing palestine as a nonmember state and new settlements. which one is more of a road block to a two-state solution? >> the u.s. never really does get this issue despite our efforts to see if the sides will engage each other. israel and hamas have all been playing to their bases and flexing their muscles. it's against what long standing bipartisan the american presidents have called for. so the two-state solution is the goal. it's what majorities of both populations have asked for but they seem stuck. >> how dicey does the situation become if they build in an area that precludes a contiguous palestinian state? and this settlement would end up blocking a contiguous palestinian state. even many in israel have been concerned about this. the question of settlement construction is first and foremost an issue of israeli decision making but they need to be sensitive to the fact this does seem to be a respon
we need to make sure the economy doesn't collapse. >> from egypt to israel now. we have secretary of state hillary clinton condemning both the vote in the u.n. recognizing palestine as a nonmember state and new settlements. which one is more of a road block to a two-state solution? >> the u.s. never really does get this issue despite our efforts to see if the sides will engage each other. israel and hamas have all been playing to their bases and flexing their muscles. it's against...
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we have a slowing economy. we have slowing economies around the world. but i was at a dinner with a bunch of ceos in washington who are interested and care about this fiscal issue on monday night. and they were talking about we're not hiring. we're allowing attrition to happen. we're holding back on big spending. we want to see what happens here before we go forward. what's interesting about this is that the consumer seems to have a different view. the consumer -- for the consumer so far, this has sort of passed by. i wouldn't say blissful ignorance, but it has not affected their behavior. you had a fairly strong set of economic numbers this fall. the housing market seems to have finally turned up after a period of obviously deep decline. and so consumer confidence, which is one of our best proxies for this kind of thing, has been turning up and really does not yet -- the fiscal cliff does not yet seem to have penetrated their consciousness. for those of us who were in stores over the holiday weekend, stores are crowded, people are buying, but it's only
we have a slowing economy. we have slowing economies around the world. but i was at a dinner with a bunch of ceos in washington who are interested and care about this fiscal issue on monday night. and they were talking about we're not hiring. we're allowing attrition to happen. we're holding back on big spending. we want to see what happens here before we go forward. what's interesting about this is that the consumer seems to have a different view. the consumer -- for the consumer so far, this...
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to get the economy going again. there is a deal to be had, though, and republicans will vote to raise taxes. and they'll even -- i would predict -- vote to raise taxes on the rich as far as marginal rates a couple of percentage points, but they're going to have to meet in the middle. >> takes two to make this happen behind closed doors. and if they're releasing their counter plan which is as comical as you say the president's was to the press -- >> i said the republican plan was comical too, didn't i? >> well, yeah, and not even directly brought to the white house. taken out into the echo chamber, which is just like throwing red meat on the table. it's ridiculous. >> so is that the fig leaf you're holding today? >> no. >> it's a stupid offer. but the fact that they put it out to the press -- i mean the white house puts national security things out to the press, leaks classified information to the press. >> come on, that's grasping. you're grasgrasping. >> read the "new york times." if this is the standard now, if yo
to get the economy going again. there is a deal to be had, though, and republicans will vote to raise taxes. and they'll even -- i would predict -- vote to raise taxes on the rich as far as marginal rates a couple of percentage points, but they're going to have to meet in the middle. >> takes two to make this happen behind closed doors. and if they're releasing their counter plan which is as comical as you say the president's was to the press -- >> i said the republican plan was...
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summers ago, congress realized that if they couldn't compromise on a deficit and revenue plan, our economy would crash. turns out they couldn't compromise. so here's what they did. in order to force themselves to work together and compromise, they concocted a catastrophic penalty that would itself crash our economy. brilliant. put it another way. if there is an asteroid headed towards the earth, we made it and fired it at ourselves. because otherwise we would never have done the hard work required to protect ourselves from asteroids. >> good morning. it's friday, november 30th. welcome to "morning joe." with us on set, we have msnbc political analyst and vice president and executive editor of msnbc.com, richard wolffe is here. >> he's here? >> my lord. right here on the set. political editor and white house correspondent for the huffington post, sam stein. >> hi. >> cute thing. and msnbc political analyst and visiting professor at nyu and former democratic congressman harold ford jr. >> good morning. >> good morning. >> he's reading. >> put that down right now. put the smut down. close it
summers ago, congress realized that if they couldn't compromise on a deficit and revenue plan, our economy would crash. turns out they couldn't compromise. so here's what they did. in order to force themselves to work together and compromise, they concocted a catastrophic penalty that would itself crash our economy. brilliant. put it another way. if there is an asteroid headed towards the earth, we made it and fired it at ourselves. because otherwise we would never have done the hard work...
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and when this economy picks up, when the obama economy picks up, guess what? president obama's rising tide will lift all boats. >> here's exactly -- >> that's reality. >> we talk a lot about rebranding a party. what a brand is in essence is a set of values. they're not changing their revalues, they're recasting them, repositioning them. that's what rebranding does. and the jindals of the world get it. >> jindal does get it. i said to jim demint, listen, i remember in '93 and '94 -- and richard, i know you remember this going back to the 1980s -- the intellectual power was all on the conservative side. we were the trendsetters. what john engler was doing up in michigan, what other reform-minded governors were doing across the country on health care reform, on welfare reform, the republicans, conservatives, controlled it. as i said to jim yesterday, there's been an anti-intellectual strain in this party for the past four, five, six years. it's now costing us millions of votes across the country. and millions and millions of dollars. and he seemed to get that as
and when this economy picks up, when the obama economy picks up, guess what? president obama's rising tide will lift all boats. >> here's exactly -- >> that's reality. >> we talk a lot about rebranding a party. what a brand is in essence is a set of values. they're not changing their revalues, they're recasting them, repositioning them. that's what rebranding does. and the jindals of the world get it. >> jindal does get it. i said to jim demint, listen, i remember in '93...
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> ed burns, having been the actor,
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this...
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not only to him but to the economy and to our country. >> well, i agree. i guess i don't know if you have a group of people basically saying this is what we're going to do, this is it, this is as far as we're going -- >> the republicans have to meet in the middle. >> you just have to get it done in a graceful way and not just hammer them. >> when we come back there are more than 7 billion people on this planet and "forbes" magazine has compiled a new list of the most powerful people who truly run the world. we'll go through this year's top power players with "forbes" editor randall lane. also joining us editor of "national memo" joe connison. >> the least powerful man even in his own household. >> bill karins with a check on the forecast. >> very strong and strapping. >> yeah right. not alone there in the household thing. good morning everyone. the lack of snow is really starting to creep into everyone's foremind. we are watching for the most part one of the least coverage of snow across the country we've seen for this time of year. let me show you the map
not only to him but to the economy and to our country. >> well, i agree. i guess i don't know if you have a group of people basically saying this is what we're going to do, this is it, this is as far as we're going -- >> the republicans have to meet in the middle. >> you just have to get it done in a graceful way and not just hammer them. >> when we come back there are more than 7 billion people on this planet and "forbes" magazine has compiled a new list of...
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i know it will doom our economy for years to come, but let's just go over the [ bleep ] cliff. fine. let's just go. just leave the negotiating tables and send us over the cliff. because you know why? at least for a few seconds, it will feel like we're flying. >> welcome back to "morning joe." it is the top of the hour. look at that shot of new york city. >> beautiful. >> how beautiful. >> beautiful. glad we're here. >> good morning, everyone. >> all right. you want to be happy? take a look at washington. >> look at that shot, man. >> how can you not be happy? >> i just said, you showed a picture of gotham and the clouds, and i'm glad we're here. >> look at this incredible cast of characters. steve rattner still with us along with mike barnicle in new york. joining us on set, republican senator from oklahoma, senator tom coburn who served in the bipartisan simpson-bowles commission two years ago. and the moderator of "meet the press," david gregory, not bad. not bad at all. >> where are we, tom? where are we, buddy? >> i have no idea. >> that's not good because you make sense. >
i know it will doom our economy for years to come, but let's just go over the [ bleep ] cliff. fine. let's just go. just leave the negotiating tables and send us over the cliff. because you know why? at least for a few seconds, it will feel like we're flying. >> welcome back to "morning joe." it is the top of the hour. look at that shot of new york city. >> beautiful. >> how beautiful. >> beautiful. glad we're here. >> good morning, everyone. >> all...